Long
SWN Above The Cloud - Swing to $5?
Textbook Ichimoku Cloud reversal signals supported by a curling 50MA. Fib Extension based on movement during Oct 2020, paired with immediate trend lines suggests a 4-6 week $5+ price target with some resisance at $4.75.
Confirmation of the new trend will be a continuation to $4, followed by a pullback and bounce off of the $3.70 area.
Possible lon
Confirmation of the new trend will be a continuation to $4, followed by a pullback and bounce off of the $3.70 area.
Possible lon
Note
Possible long option call entry around $3.75.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.